Building Plot for sale, Dubrovnik, 2 450 000 €

Large land plot in Cavtat, only 100 meters from the sea, near the Albatros hotel (formerly Iberostar).
Excellent infrastructure (4* and 5*), surrounded by many hotels, restaurants, boutiques, tennis courts, sports and other facilities.
Cavtat is one of the top destinations in Southern Dalmatia, located just a few kilometers from Čilipi airport and less than 20 km from Dubrovnik.
There is a shortage of residential buildings in this area. The shortage of villas and apartments here is even 40-50%.
The land plot is next to an asphalt road with electricity and water connections installed.
The total land area is 7,000 m2 - it is 190 m long and 38 m wide. The land is terraced and rises on a hill with a panoramic view.
Building zone - M1.
M2 - mixed-use construction zone. The price is €350 / m2.
Considering the location, we would recommend building 7-8 modern villas with pools of approximately 240 m2 each, each on a plot of approximately 700-900 m2.
The total gross building area for villas of 200-240 m2 would be approximately 1,920 m2.
The average price for such construction is €1,500 per m2, so total construction costs would be €2,880,000.
The project and supervision would cost approximately €300,000.
Utility tax would be approximately €100,000.
Total construction costs would be approximately €3,280,000.
The total cost of purchasing the land + construction costs would be around €5.9-6 million.

The realization costs of each villa could be around €1.5-2 million.

Additional costs borne by the property buyer in the Republic of Croatia: real estate transfer tax (3% of the property value), agency commission (3% + VAT on the property value), attorney fees, property registration fees (1% + VAT of the property value).

To receive additional information and schedule a property viewing with our agent, you must first sign an Agency Agreement. This agreement adheres to data protection and real estate mediation laws.
Agency commission: 3% + VAT